At stake is the club's reputation, with potential penalties that could include expulsion from the league.
Having secured the last four league titles, City refutes the allegations, which involve claims of providing deceptive financial information. A team of legal experts will be tasked with defending the club's integrity and dispelling the accusations that have overshadowed its remarkable success.
Manager Pep Guardiola announced on Friday that the long-anticipated hearing regarding over 100 allegations of financial misconduct is about to commence.
“I’m pleased that it’s starting on Monday. I anticipate there will be more speculation,” he stated. “Everyone is presumed innocent until proven guilty.”
The Allegations
In February of the previous year, the Premier League accused City of providing misleading financial information over a nine-year span from 2009 to 2018, following its acquisition by the ruling family of Abu Dhabi in 2008. During this time, City aimed to position itself among Europe’s elite clubs, attracting top talents such as Yaya Toure, Sergio Aguero, and Kevin de Bruyne, and clinching three league titles in 2012, 2014, and 2018.
The league's financial fair play regulations are intended to ensure that clubs spend in accordance with their earnings, with commercial agreements evaluated for their legitimacy in market value.
These allegations emerged after a four-year investigation, which was prompted by the release of leaked emails and documents, reportedly hacked, that began appearing in 2018 through the German publication Der Spiegel. The documents purportedly revealed efforts to obscure the origins of City’s revenue to adhere to the Financial Fair Play regulations enforced by UEFA and the Premier League.
Additionally, City faces accusations related to its alleged lack of cooperation with the investigation.
The hearing
An independent commission, consisting of three judges appointed by a lawyer who leads the league’s judicial panel, will conduct the hearing regarding the charges. This session will take place privately, and a decision is not anticipated until the following year.
The punishment
The range of potential penalties for a “serious breach” of the league’s regulations is extensive. Depending on the outcome of the investigation into City’s alleged violations, possible repercussions may include fines, points deductions, or, in “extreme cases, expulsion from the competition,” as outlined in the league’s guidelines.
City’s response
City expressed surprise at the charges when they were announced last year.
“The Club welcomes the independent Commission's review of this matter, which will impartially evaluate the substantial evidence supporting our position,” the statement read. “We are eager for this issue to be resolved definitively.”
Guardiola has consistently voiced his concerns regarding the treatment of City.
“My initial reaction is that we are already being judged,” he remarked following the announcement of the charges. “We are fortunate to live in a wonderful country where the principle is that everyone is innocent until proven guilty. Unfortunately, we have not been afforded this chance. We feel as though we have already been condemned.”
The Regulations
Referred to as Financial Fair Play (FFP), these regulations are designed to ensure that football clubs do not spend beyond their earnings. FFP was introduced in response to the 2008 global financial crisis, which heightened concerns within European football regarding the potential for clubs to face insolvency due to escalating player transfer fees and wages.
Historical Instances
In 2014, Manchester City was penalized with a fine of 60 million euros (approximately $82 million) over a three-year period by UEFA, and was required to reduce its Champions League squad size from 25 to 21 senior players due to violations of FFP regulations. Ultimately, the club only had to relinquish 20 million euros in prize money after adhering to the governing body's stipulations.
In 2018, the German publication Der Spiegel released the "Football Leaks" series, which allegedly drew from Manchester City's internal documents and communications. These articles indicated that the club had breached FFP regulations through financial dealings with "related-party" sponsors from Abu Dhabi.
In February 2020, Manchester City received a two-season ban from UEFA competitions for "serious breaches," which included inflating sponsor revenue and failing to assist investigators.
However, in July 2020, the Court of Arbitration for Sport (CAS) overturned this ban, determining that some of UEFA's allegations were unsubstantiated and that other evidence was inadmissible due to time constraints. The court did, however, express strong disapproval of Manchester City's obstruction of UEFA's investigation, resulting in a reduced fine of €10 million ($10.7 million), which was one-third of the initial penalty.